Every Day Earn 100 pips.

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chiragvaishnav
21
chiragvaishnav  

Dear All

This is first time i disclose my trading system to you friends.

Please follow following rules very strickely

1). Trading in EUR - USD pairs and silver

( I experiment only in EUR - USD and silver )

2).Time period is H4

3). Rules for Buy and Sell

- See the Which type of Candle made as on 0.00 GMT ( Red or Green )

_ If 0.00 GMT Green Candle made you made Buy Entry in 12.00 GMT immediately ( Make entry immediately after

completion of Candle of 8.00 GMT )

- If 0.00 GMT Red Candle made you made Sell Entry in 12.00 GMT immediately ( Make entry immediately after

completion of Candle of 8.00 GMT )

- If Candle is Made Doji You must follow the trend.

Note :-

Every Trade Target of Profit is 100 pips. not higher.

xard777
1243
xard777  

Sounds interesting...can you post a couple of charts over the next few days showing a buy and a sell ?

It will help me grasp the concept if I can see what's happening.

Thanks and all the best

Xard777

chiragvaishnav
21
chiragvaishnav  

For your Question

Dear Friend.

Here i attached the last 15 day Charts.

I always close profit to take 100 pips, and must enter immediately after completion of candle of 8.00 GMT.

your suggestion is invited.

Chirag Vaishnav

cello
10
cello  

hi

Thanks dear chirag for your idea sharing, few short questions. :

1- what was your logical purpose choosing 00:00 and 12:00 and 8:00 GMT?

2- in which pairs (eur/usd or silver) should we trade?

3- stop loss or exit?

4- you mean we trade twice a day at 12:00 and 8:00 GMT ok?

5- 0:00 in GMT time or broker time?in your picture it seems that you trade on broker 0:00 time am i right?

tnx in advance

chiragvaishnav
21
chiragvaishnav  

For your Question

Dear Friends

This is your Answer.

1- what was your logical purpose choosing 00:00 and 12:00 and 8:00 GMT?

Ans :- Logic is that the Two. First is Open the new day.And second is that 12:00 GMT is Continues working of Asian Market and UK market.

2- in which pairs (eur/usd or silver) should we trade?

Ans:- EUR- USD and Silver both.

3- stop loss or exit?

Ans :- Stoploss is 5 time of the Profit.

4- you mean we trade twice a day at 12:00 and 8:00 GMT ok?

Ans :- No. Trade is only one day 12:00 GMT Candle start. ( 8.00 to 12.00 GMT Candle Close, and 12.00 to 16.00 GMT candle is Open )

5- 0:00 in GMT time or broker time?in your picture it seems that you trade on broker 0:00 time am i right?

Ans :- GMT is Broker time .

Thanks

prakashjj
47
prakashjj  
chiragvaishnav:
Dear Friends

This is your Answer.

1- what was your logical purpose choosing 00:00 and 12:00 and 8:00 GMT?

Ans :- Logic is that the Two. First is Open the new day.And second is that 12:00 GMT is Continues working of Asian Market and UK market.

2- in which pairs (eur/usd or silver) should we trade?

Ans:- EUR- USD and Silver both.

3- stop loss or exit?

Ans :- Stoploss is 5 time of the Profit.

4- you mean we trade twice a day at 12:00 and 8:00 GMT ok?

Ans :- No. Trade is only one day 12:00 GMT Candle start. ( 8.00 to 12.00 GMT Candle Close, and 12.00 to 16.00 GMT candle is Open )

5- 0:00 in GMT time or broker time?in your picture it seems that you trade on broker 0:00 time am i right?

Ans :- GMT is Broker time .

Thanks

Looking at your trade history, its clear that you are not taking exactly at 12:00 GMT as the trades are opened at different times... why its like that? are you using any filter and you are taking trade only after some triggers after 12 GMT?

Thanks,

Prakash

cello
10
cello  

Back Testing

Dears,

It was great if we've had an EA inorder to back test this idea..., anybody?

cello
10
cello  

Gmt

Dear chirag, i cant understand it!!! there is difference between GMT and broker time! my broker time is GMT+2

chiragvaishnav
21
chiragvaishnav  

For your Question

Dear Praksh.

Thanks for your reply.

I clear that the GMT is on Broker Terminal Time. not a Standard GMT.

Please be clear.

Chirag Vaishnav

mimmi
10
mimmi  

?

Hi,

Would you mind to explain this please.

"- See the Which type of Candle made as on 0.00 GMT ( Red or Green )"

Do you mean candle from 24:00-04:00 GMT (4h), or is it just between 24:00-01:00 GMT(1h)?

Some more example would help, please.

Kind regards

mimmi

darebams
15
darebams  

I need more explanation

Thanks for your info but pls i need more explanation both my time and broker time is gmt +1 so when do i watch the first candle and when do i watch the second candle to make my trade according to my time zone and take profit is 100 what is the stoploss to be used. Thanks.

12
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